cens logo


Prince Motors Ceases Operation, Terminate Ties with Chery

Jan 09, 2012 | By CENS

Taipei, Jan. 9, 2012 (CENS)--Taiwan's Prince Motors Co. and five subsidiaries or affiliates, the former local car assembler for Suzuki Motor Corp. of Japan, recently applied to the government for ceasing operations in Taiwan.

All Prince Motors' established cooperation ties with Chinese automaker Chery Automobile Co., Ltd., have also come to an end de facto.

Industry sources said that Chery has been aggressively trying to find another partner in Taiwan, and most major auto assemblers on the island are potential candidates, including Yulon Motor Co., China Motor Corp., Ford Lio Ho Motor Co., Sanyang Industry Co., Ltd. etc.

Prince Motors terminated the labor contracts with employees on January 3, 2012 and most of the employees have stopped working for the automaker and related firms. An anonymous employee of Prince Motors said that the firm has delayed his salary payment for more than one year.

Industry insiders said that Prince Motors cooperated with Chery about three years ago, but sales of locally assembled Chery cars have been sluggish. There are now still many Chery Appola (A3) staying at the warehouse.


Industry In-Focus

China's New Face of E-Commerce Sees Rise of Smart Lockers

Dec 10, 2018

With the rise of the “unmanned economy” in China, new trends in the self-pickup market like the “smart shelf” are giving way to the “smart locker,” which has combined Internet of Things and AI technology. Chinese e-commerce JoyBuy Go has built a reputation based on its embracement of unmanned economy, its “smart shelf” that was introduced to the public last November has seen an upgrade to “sma...


Local Manufacturing Sector Flashes 5th Sluggish Growth

Nov 29, 2018

With the ongoing U.S.-China trade dispute, uprooted financial sector, sluggish sales for the new Apple smartphone, the manufacturing industry sees a pessimistic forecast for the next six months. This has led to the local manufacturing sector to flash a “yellow-blue” light in October, said Taiwan Institute of Economic Research (TIER) on Thursday, making this the fifth consecutive month of slugg...


Archee International Cements Position as Go-To Rep of Auto Suppliers

Nov 27, 2018

Archee International Co., Ltd. is a young and passionate company specialized in all kinds of auto parts including a wide range of lighting products, auto mirrors, AM body parts, replacement components, and cooling systems. Archee has cemented its position as the go-to representative for manufacturers of products such as replacement automobile parts, performance automobile parts, and design par...



Industry Reports

China's New Face of E-Commerce Sees Rise of Smart Lockers

Dec 10, 2018

With the rise of the “unmanned economy” in China, new trends in the self-pickup market like the “smart shelf” are giving way to the “smart locker,” which has combined Internet of Things and AI technology. Chinese e-commerce JoyBuy Go has built a reputation based on its embracement of unmanned economy, its “smart shelf” that was introduced to the public last November has seen an upgrade to “sma...


Local Manufacturing Sector Flashes 5th Sluggish Growth

Nov 29, 2018

With the ongoing U.S.-China trade dispute, uprooted financial sector, sluggish sales for the new Apple smartphone, the manufacturing industry sees a pessimistic forecast for the next six months. This has led to the local manufacturing sector to flash a “yellow-blue” light in October, said Taiwan Institute of Economic Research (TIER) on Thursday, making this the fifth consecutive month of slugg...


Archee International Cements Position as Go-To Rep of Auto Suppliers

Nov 27, 2018

Archee International Co., Ltd. is a young and passionate company specialized in all kinds of auto parts including a wide range of lighting products, auto mirrors, AM body parts, replacement components, and cooling systems. Archee has cemented its position as the go-to representative for manufacturers of products such as replacement automobile parts, performance automobile parts, and design par...



Supplier News

Antrc Industrial Corp. Aims for High-End Auto Parts Industry for Asian Markets

Dec 05, 2018

Antrc Industrial Corp. focuses on manufacturing plastic parts, metal parts and other automotive parts in the aftermarket industry. The firm can roll out parts and products that match with customers’ needs and the industry pulse in this changing and competitive market. Having deep roots in the AM industry, Antrc can deliver with its complete supply chain, from designing, molding making and finally...

ANTRC INDUSTRIAL CORP.


Brake Maker Nan Hoang Rides on Biz Upswing to Offer More Clients the Best

Dec 04, 2018

For more than five decades, Nan Hoang Traffic Instrument Co., Ltd (NHC) has been one of the major manufacturers of specialty vehicle friction materials in Taiwan and around the world. Chairman Austin Cheng has been carrying out their “double-arrow developing plan” for this year. In one aspect, through its private label YangPo, NHC aims to adopt a more effective marketing strategy for selling own-...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.


Intime's Products Sought-after by Professionals Worldwide

Dec 04, 2018

Founded in 2013, Intime Auto Parts Co., Ltd., specializes in making performance brake calipers and performance shock absorber systems. Intime takes pride of its “n&b performance” series. The firm's n&b ceramic brake pads, which are made of low metallic NAO material, is capable of functioning without damaging the brake discs. Also notable is that the brake dust can be removed easily from the al...

INTIME AUTO PARTS CO., LTD.



Insiders' Views

Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently ...

FOXCONN TECHNOLOGY


Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...



Exhibition Highlights

The 19th Fastener Trade Show Suzhou - China's leading one-stop purchasing platform for fasteners, machinery and supporting products

Dec 05, 2018

Highlights of the Show: Highlight 1: Large Scale 12,000 sqm exhibition area at 2 exhibition halls, expected 400 exhibitors & 12,000 professional visitors Highlight 2: International 50% of the exhibitors are export-oriented companies, visitors cover over 30 countries and regions Highlight 3: One-stop Platform for Purchasing Full range of exhibits, including fasteners, equipment, molds ...


CENS.com Makes Biz Talks Easier with B2B Matching at Automechanika Shanghai

Nov 30, 2018

Automechanika Shanghai, Asia’s biggest automotive parts, repair and maintenance, and auto products show, kicked off on Nov. 28 at the Shanghai National Exhibition and Convention Center and will last until Dec. 1 for four days. Expectations suggest the show to attract 140,000 professional visitors. As always, Economic Daily News (CENS.com) has attended another year of Automechanika Shanghai and co...


TTG Gives Taiwanese AAPEX Exhibitors a Leg Up

Nov 01, 2018

Taiwan Transportation Equipment Guide (TTG), having been founded for 33 years, is Taiwan’s first magazine dedicated to professional auto parts. The magazine can be obtained at the Economic Daily News (CENS.com) booth on the AAPEX show grounds. Combined with online and hardcover publications, CENS.com aims to boost Taiwan’s auto parts suppliers’ promotion to its highest. Since its first publica...